SideChannel Inc (SDCH)

[TronCarter]

If Auditor's correct, then that's 10_years of restatements!

And I think that the preferred stock issuance should be rewinded and rescinded. As well as several other shady wrongdoings by de la Garza!

NOL Carryforward confirms MDLG responsible for almost $40million!

Going thru Company 10-K's also revealed a lot of interesting facts, the most interesting being that Michael de la Garza and Pamela Thompson issued themselves the preferred shares more than 2 years before the Board could approve this transaction! So, it looks like those preferred shares should have never been issued to de la Garza and Thompson in the first place, thus, de la Garza should have never been able to convert those shares as well. What a slime ball!

Grollman as CEO:
NOL_Carryforward as of 093008_$24.03 and $25.49 million
NOL Carryforward as of 093008 $25.49 per Auditor's letter
NOL Carryforward as of 093009 $24.27 million
NOL Carryforward as of 093010 $25.33 million

MDLG as CEO:
NOL Carryforward as of 093011 $25.87 million
NOL Carryforward as of 093012 $25.91 million
NOL Carryforward as of 093013 $26.54 million
NOL Carryforward as of 093014 $29.38 million (excl Gawk $1.125m "sale")
NOL Carryforward as of 093015 $43.14 million
NOL Carryforward as of 093016 $45.78 million
NOL Carryforward as of 093017 $50.20 million
NOL Carryforward as of 093018 $54.62 million
NOL Carryforward as of 033019 $57.13 million
NOL Carryforward as of 093019 $62est million *trending to exceed $62mil

Appointed as CEO on 11-19-10, signed on 12-1-10?
https://www.otcmarkets.com/filing/html?id=7591352&guid=rZeyUKoEZUKd73h

Other resignations reported in 8-K on 4-30-09:
https://www.otcmarkets.com/filing/html?id=6577816&guid=rZeyUKoEZUKd73h